That’s according to a joint study between American Express and Millennial Branding on workplace expectations of working-age Generation Y-ers, or those between 22 and 29. The study, released Tuesday, surveyed 1,000 employees between 22 and 29 and 1,000 managers in various companies across the country.

Gen-Y people are generally viewed to be born between the early 1980s and the 2000s, so not all of them are working-age.

A key finding was that Gen Y-ers generally have a positive view of their managers, but that the feeling isn’t necessarily mutual. Nearly 60 percent of Gen-Y workers surveyed believe their managers can offer experience, an additional 41 percent said they could provide wisdom and 33 percent said they have a willingness to mentor. But about half the managers said their employees have unrealistic pay expectations, a poor work ethic and are easily distracted.

“Gen Y’s are crucial to the development and growth of our economy, yet managers have a negative impression of them, and it’s creating workplace drama,” said Dan Schwabel, founder of Millennial Branding, in a statement accompanying the data. “Managers should be setting proper expectations, giving them career support and help them develop the skills they will need today and in the future.”

Here are some of the study’s other findings:

• Most managers, 58 percent, support entrepreneurial ambitions, but only 40 percent of the Generation Y-ers are interested in new business opportunities.

• Only about half of the Gen Y-ers surveyed, 48 percent, said they wanted to move around in their corporations, but 73 percent of managers were willing or extremely willing to support them.

• Both managers and Gen-Y employees are skittish about being Facebook friends. About 14 percent of managers said they were comfortable friending their subordinates, while 24 percent of the employees felt the same way. LinkedIn, however, was more well-received, with 32 percent of Gen Y-ers comfortable and 24 percent of managers the same.

• Despite email and Skype, both managers and workers agree that in-person meetings are the best way to get things done, with 66 percent of managers preferring face-to-face meetings and 62 percent of employees feeling the same way.

• As for getting that master’s degree, only 10 percent of managers say it’s required to advance. About 22 percent of Gen Y-ers believed it was mandatory to move up in the corporation.